Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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A BTC weekly close above 5100 would be considered bullish and would set up potential Long opportunities next week. However if that level does not hold a breakdown to previous resistance turned support levels would be very likely.
I am currently waiting for the weekly close before entering in any positions.
Comment
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Opened a position at 5400 before the break out, Closed just before weekly resistance 5780. I believe BTC will correct to 5550 before another test of 5800.